Registration number: 12329479

Engenera Project 1 Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Engenera Project 1 Limited

Company Information

Directors

Engenera Green Bonds Plc Brian Cormack

Registered office

4 Beech Ridge Kinsbourne Green Lane Harpendem AL5 3NJ

Accountants

J J Advisory 16 Forth Place South Queensferry EH30 9RY

Engenera Project 1 Limited

(Registration number: 12329479)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,638,959	1,704,442
Current assets
Debtors	5	45,770	30,643
Cash at bank and in hand		6,323	100
		52,093	30,743
Creditors: Amounts falling due within one year	6	(432,285)	(260,168)
Net current liabilities		(380,192)	(229,425)
Total assets less current liabilities		1,258,767	1,475,017
Creditors: Amounts falling due after more than one year	6	(2,119,654)	(2,119,654)
Net liabilities		(860,887)	(644,637)
Capital and reserves
Called up share capital		1	1
Retained earnings		(860,888)	(644,638)
Shareholders' deficit		(860,887)	(644,637)

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 August 2026 and signed on its behalf by:
 

......................................... Brian Cormack Director

Engenera Project 1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

These financial statements were authorised for issue by the Board on 31 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	5% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Engenera Project 1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Engenera Project 1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 December 2024	2,038,832	2,038,832
At 30 November 2025	2,038,832	2,038,832
Depreciation
At 1 December 2024	334,390	334,390
Charge for the year	65,483	65,483
At 30 November 2025	399,873	399,873
Carrying amount
At 30 November 2025	1,638,959	1,638,959
At 30 November 2024	1,704,442	1,704,442

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		36,852	19,143
Amounts owed by related parties		8,918	11,500
		45,770	30,643

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		(1)	41,047
Amounts owed to group undertakings and undertakings in which the company has a participating interest		417,096	190,860
Taxation and social security		10,134	6,632
Accruals and deferred income		5,056	21,630
Other creditors		-	(1)
		432,285	260,168

Engenera Project 1 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	2,119,654	2,119,654